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Please help me out with the following practice questions (required 1 & required 2). Page 3 & 5 under the journal worksheet were split into two pictures each because they couldn't contain one picture.

Prepare joumst entries to rocord the first subsequent casti transaction in January of the next year for parts c and e. Journal entry worksheet Record the payment of acorued and current sataries. Wate: tonter debits before credts: Journal entry worksheet 6 workweek ending on the previous Friday. Assume that December 31 is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year's Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6 of next year. Note: Enter debits before credits. Journal entry worksheet The Prepaid Insurance account had a $30,192 debit balance at December 31 before adjusting for the costs of any expired coverage for the year. An analysis of prepaid insurance shows that $21,735 of unexpired insurance coverage remains at year-end. Note: Enter debits before credits. Journal entry worksheet The company purchased a building at the beginning of this year. It cost $785,000 and is expected to have a $45,000 salvage value at the end of its predicted 30 -year life. Annual depreciation is $24,667. Note: Enter debits before credits. Journal entry worksheet rent was paid on time on November 1 , and the amount received was credited to Rent Revenue. However, the tenant has not paid the December rent. The company has worked out an agreernent with the tenant, who has promised to pay both December and January rent in full on January 15. Note: Enter debits before credits. if the information to propare adjusting entries as of December 31. Assume no other adjusting entries are made during the year. Journal entry worksheet 3 5 6 The office Supplies account started the year with a $3,150 balance. During the year, the company purchased supplies for $13,010. which was added to the Oifice Supplies account. The inventory of supplies available at December 31 totaled 52,772 . Wote Enter debits before credits. Journal entry worksheet Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $3,000 per month, starting on November 1 . The rent was paid on time on November 1 , and the amount received was credited to Rent Revenue. However, the tenant has not paid the December rent. The Problem 3.2A (Algo) Preparing odjusting and subsequent journal entries LO P1, P2, P3, P4 Wecorded as of that date a. It Orfice Supples account started the yedr with a $3,150 batance. Durng the yeat, the company purchased supplies for $15,010 which was added to the Orfice Supples account. The inventory of supplies available at December 31 totaled $2,772 b. The Prepaid insurance acco unt had a $30192 debit balance at Decembet 31 before adjustong for the costs of any expired coverage for the yea: An analysis of prepaid insurance shows that $21,735 of unexpled insurance coverage remalns at yearthat c. The company has 15 emploxtes, who earn a total or $1,900 in salarles eactr woxing day They are puic each Monday for their Wotk in the five-day workweer encing on the previous Friday. Assume that Desenber 31 is a ruesday and all 15 employees worked the first two days of that wetk. Because New Year's Oay is a paid holday, they will be paid salanes for five full days on Monday, Januaty 6 of next ysa d. The compary putchased a builcing at the beg inning of this year, it cost $785,000 snd is expected to have a $45,000 salvage value at the end of its predicted 30 -ytar life. Annual depreciation is $2.66% stang on November 1 The rent was paid on time on November 1, and the amoure rectivgd wss credited to Rent Revenue. However the tenant has not pad the Pecember cert The compary has wokred out on acreement with the tenant who has f. Or November the company iented spede to another cenans for $2.718 per mont. The kensnt pad tive months rent in advance on thit cate The payment was ncorded with a credit to the Unearned Revenue account Assime no other adjusting entries are made of fing the year. Required: Journal entry worksheet On November 1 , the company rented space to another tenant for $2,718 per month. The tenant paid five month' rent in advance on that date. The payment was recorded with a credit to the Unearned Revenue account. Note: Enter debits before credits. Prepana journal entries to record the tirst sobsequent cash transaction in January of the next year for parts c and e. Journal entry worksheet Record the receipt of two months rent on Janwary 31 . rote: thter debers befoce crobith: Journal entry worksheet The company has 15 employees, who earn a total of $1,900 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31 is a Tuesday, and all 15 employees worked the first two days of that week

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